Medical care services priced at$20 in 1995→$46.19 in 2018

Historical Price Inflation for Medical care services

Prices for Medical Care Services, 1995-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for medical care services were
130.97% higher
in 2018 versus 1995 (a $26.19 difference in value).

Between 1995 and 2018:Medical care services experienced an average inflation rate of 3.71% per year.
This rate of change indicates significant inflation.
In other words, medical care services costing $20 in the year 1995 would cost $46.19 in 2018 for an equivalent purchase.
Compared to the overall inflation rate of 2.20% during this same period, inflation for medical care services was
higher.

In the year 1995: Pricing changed by 5.05%, which is
above the average yearly
change for medical care services during the 1995-2018 time period.
Compared to inflation for all items in 1995 (2.81%), inflation for medical care services was
higher.

Price Inflation for Medical care services since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing:
1975 (12.60%),
1982 (11.86%),
and 1980 (11.28%).

How to calculate the inflation rate for medical care services, 1995-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1995* 1995 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Medical care services was 224.185 in the year 1995 and 517.805 in 2018:

517.805 / 224.185* $20 = $46.19

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1995 has the same "purchasing power" as $46.19 in 2018 (in the CPI category of Medical care services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Medical care services in 1935. In addition to medical care services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.